Dollar Rises to Two-Month High Against Euro

NEW YORK (AP) -- Resurgent fears that Greece may leave the euro pushed the dollar to a two-month high against the 17-nation currency on Monday.

Traders also bought dollars a day before the U.S. presidential election, which is expected to be a tight race.

The dollar is considered a safe haven currency and tends to strengthen during global turmoil.

The euro fell to $1.2792 in late trading Monday from $1.2829 late Friday. The euro fell as low as $1.2766 earlier, its lowest point against the dollar since Sept. 11.

In Greece, two votes in Parliament this week could determine if the cash-strapped country stays in the European monetary union.

The British pound fell to $1.5972 from $1.6021.

The dollar rose to 0.9435 Swiss franc from 0.9411 Swiss franc and to 99.68 Canadian cents from 99.56 Canadian cents.

The dollar fell to 80.26 Japanese yen from 80.42 Japanese yen.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2096267, ~/Articles/ArticleHandler.aspx, 8/29/2014 8:20:38 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement